1997 Parsons Ridge CirDuluthGA30097
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Duluth at 1997 Parsons Ridge Cir, Duluth, GA, 30097 offers a 9.33% rental yield on a $589,900 purchase with $4,588/mo rent. Total monthly income registers $4,588/mo, and a $2,887/mo payment leaves $998/mo available for distribution. Annual cash flow reaches $11,976/yr on $194,077 to close, and return on cash invested stands at 26.23% in year one. Equity gained on principal adds $3,807/yr while 5% annual appreciation supports $162,978 over five years. Portfolio math shows five-year ROI at 136.6% and total cumulative return in cash at $265,113. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,588/mo property income against a $2,887/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1988
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30097, Duluth, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,335 (100%) |
| Owner Occupied HU | 13,116 (64.5%) |
| Renter Occupied HU | 6,115 (30.1%) |
| Vacant Housing Units | 1,104 ( 5.4%) |
| Median Home Value | $582,674 |
| Average Home Value | $671,187 |
Housing Distribution
Address Breakdown
Residential
19,478
Single Family
15,466
Multi-Family
4,012
Businesses
1,516
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